Archive for March, 2014

UK To Launch ‘Most Secure,’ Anti-Counterfeiting £1 Coin

The old Royal Mint building

Image by Julie Cookson | Wikimedia

The United Kingdom will soon roll out the coin they dub the “most secure in the world” in 2017: a new £1 coin.

Anti-counterfeiting measure

According to the Royal Mint, 3% of all £1 coins – or roughly 45 million pieces – in circulation are counterfeit, and that this new design – equipped with the latest security measures – would be the way to restore the confidence of the public with the UK currency.

The current £1 coin has been already 30 years old, and many have expressed concerns with its vulnerability to creating fake copies.

‘Pioneering’

Chancellor George Osborne broke the news on Twitter, with a photo of the new coin and the caption: “Today I will deliver a Budget for  resilient economy – starting with a resilient pound coin.”

The new design takes its inspiration from the three pence piece from the early ‘70s.

Royal Mint chief executive Adam Lawrence said that the new, technologically advanced manufacturing of the coin can be the start of a revolutionary change in how countries create coins.

“It is our aim to identify and produce a pioneering new coin which helps to reduce the opportunities for counterfeiting, helping to boost public confidence in the UK’s currency in the process,” said Lawrence.

March 20, 2014 at 5:53 amFinance

Mysterious Flight 370: The Search Expands To Indian Ocean

The search for the missing Malaysia Airlines Flight 370 started in the sea between Malaysia and Vietnam and has expanded into the vastness of the Indian Ocean.

The search continues

Malaysia_Airlines_B777

Image by Charaka Ranasinghe | Wikimedia

As days passes by, the wider the search area for the missing plane becomes.

“It’s a completely new game now,” said Cmdr. William Marks of the U.S. 7th Fleet, which is helping in the search.

“We went from a chess board to a football field,” he added when asked to describe the situation.

U.S. officials believe the plane may have crashed into the Indian Ocean.

‘Look further’

USS Kidd, a destroyer from the U.S. Pacific Fleet, headed for area to help with search.

“A normal investigation becomes narrower with time, I understand, as new information focuses the search,” said Hishammuddin Hussein, the minister in charge of defense and transportation, in a statement. “But this is not a normal investigation. In this case, the information we have forces us to look further and further afield.”

March 18, 2014 at 5:21 amDirect Service

US Investment Firm Increases Stakes In Man Utd

Old_Trafford

Image by André Zahn | Wikimedia

Baron Capital, an investment firm in the US, is recently building up stakes in an English club, Manchester United. The club is listed in New York as Manchester United PLC.

Almost a Quarter

Through a stock listing, the Glazer family has sold 10 per cent of its holding in the club back in 2012. But now, Baron Capital is reported to have bought around 24 per cent of those shares.

The shares of Man Utd were down 0.9 early March 11 at $15.71.

Investment Strategy

In spite of such a huge financial move, many experts say that it is simply an investment strategy.  According to financial analyst Andy Green, Baron’s move looks nothing like a takeover.

“This is absolutely not the start of any takeover,” said Green. “You could buy all the shares available on the stock market and you would still only have 10 percent of the club and about 1.3 percent of the votes …. They have a reputation as a long-term investment company.”

Manchester United is one of the most lucrative brands in the sports world, though it is currently struggling in the Premier League season.

March 13, 2014 at 5:04 amFinance

Twitter Bans Explicit Content On Vine App

twitter logo

Image by Denise R

Social media site Twitter has officially banned pornographic content on its video-sharing app Vine.

‘Not a good fit’

Twitter changed its content policy to remove explicit content from Vine, an app that allows users to share videos.

“We’ve found that there’s a very small percentage of videos that are not a good fit for our community,” the company said in a blog post.

The changes go into effect immediately.

Naughty content

As social media sites grow, there’s an increasing tendency that more users share explicit content even though it has already been part of the web culture since the beginning.

But Twitter’s move shows it’s no longer comfortable with that type of content.

Meanwhile, Vine issued a statement regarding Twitter’s latest move.

“For more than 99% of our users, this doesn’t really change anything. For the rest: we don’t have a problem with explicit sexual content on the Internet – we just prefer not to be the source of it,” said Vine.

March 10, 2014 at 3:31 amE-Commerce

Venezuelan Protesters Vow To Continue “Democratic Fight”

Flag of VenezuelaVenezuela celebrates the death anniversary of former President Hugo Chavez with a weeklong holiday. On its first day, students took to the streets, demanding the government to end the crackdown on protests and release activists who have been in jail for weeks.

Calming the Tensions

Earlier this week, President Nicolas Maduro included Thursday and Friday to the scheduled long carnival weekend. For many, this is the way of the government to calm the growing tension among its citizens.

Sending a Message

On Thursday, hundreds of students gathered in east Caracas, manning burning street barricades and clashing with the authorities. It was their way of telling the government that no holiday will distract them.

According to Juan Requesens, the government wants to demobilize demonstrators with a decree that combines the commemoration of the Caracazo and the Carnival. He says, “Maduro is mistaken… We’re not going to leave our democratic fight for six days at the beach.”

March 3, 2014 at 6:36 amInfo Tech